Biotic Waste Limited IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Biotic Waste Limited being engaged in is engaged in the business of handling, treatment and eco-friendly disposal of biomedical waste. Biotic Waste Limited IPO comprises of 11,66,400 Equity shares face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Biotic Waste Limited IPO release date, IPO offer price, subscription, Biotic Waste Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Biotic Waste Limited IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Biotic Waste Limited IPO
Biotic Waste Limited Company is a Common Biomedical Waste Treatment Facility (CBWTF) service provider that provides services to all Health Care Facilities (HCFs) in its designated area. The company covers the entire district of Gurgaon and Rewari in Haryana, India. The Company operates a waste treatment facility at Gurgaon, Haryana. The biomedical waste treatment capacity of this facility is 20 tons/day.
Company procures waste from various healthcare facilities present in the mentioned districts covered by the Company. They operate 14 vehicles which are used for transporting biomedical waste from HCFs to their treatment facility. The company caters to more than 1,150 HCFs across Gurgaon and Rewari in Haryana. The Issue comprises of a Public Issue of 11,66,400 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 42.19% and 0.40%, respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 668.16 Lakhs, Rs.559.63 and Rs.470.98 respectively . For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 net profit of the Company was Rs. 191.13, Rs.43.33 and Rs.28.04 respectively.
The Promoter of this company are Vikas Ghallot, Pranav Tripathi, Kuldeep Singh Panwar and Kamlesh Kumari. The lead manager to the issue is Pantomath Capital Advisors Private Limited and the Registrar to this issue is Alankit Assignments Limited.
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Biotic Waste Limited IPO Date
The opening and the closing date of Biotic Waste Limited IPO is not known yet.
Biotic Waste Limited IPO Subscription
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Biotic Waste Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Biotic Waste Limited IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Biotic Waste Limited IPO Equity Share Offering
11,66,400 Equity Shares of Rs.10/- each but Issue Price is yet to be disclosed .
Biotic Waste Limited – Company Overview
Biotic Waste Limited Company is a Common Biomedical Waste Treatment Facility (CBWTF) service provider that provides services to all Health Care Facilities (HCFs) in its designated area.The Company is engaged in the business of handling, treatment and eco-friendly disposal of biomedical waste. The company covers the entire district of Gurgaon and Rewari in Haryana, India. The Company operates a waste treatment facility at Gurgaon, Haryana. The biomedical waste treatment capacity of this facility is 20 tons/day. Company procures waste from various healthcare facilities present in the mentioned districts covered by the Company. They operate 14 vehicles which are used for transporting biomedical waste from HCFs to their treatment facility. The company caters to more than 1,150 HCFs across Gurgaon and Rewari in Haryana.
The company has a wholly-owned subsidiary, Biotic Waste Solutions Pvt. Ltd. (BWSPL) which is engaged in the same business in a different area.
The Company is promoted by Vikas Ghallot, Pranav Tripathi, Kuldeep Singh Panwar and Kamlesh Kumari. and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Biotic Waste Limited :
- Public Utility business.
- Experienced Promoter and Management Team.
- High entry barriers.
- Strong locational presence.
- Rules compliant facility.
- Updated treatment facility.
Business strategies of Biotic Waste Limited :
- Organic Growth.
- Inorganic Growth.
- Launch of Integrated Service.
Biotic Waste Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,432.10 | 961.37 | 262.13 | 266.71 | 267.66 |
| Total Revenue | 734.66 | 577.56 | 471.43 | 397.08 | 411.32 |
| Total Expense | 467.34 | 515.41 | 430.86 | 366.08 | 378.51 |
| Profit After Tax | 191.13 | 43.33 | 28.04 | 21.42 | 23.10 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 8.26 | 2.12 | 2.41 |
From the above statements, one could find that the Biotic Waste Limited may perform well.
Biotic Waste Limited IPO – Promoters
The Promoter of this company are:
- Vikas Ghallot
- Pranav Tripathi
- Kuldeep Singh Panwar
- Kamlesh Kumari.
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Biotic Waste Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 11,66,400 Equity Shares* of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs. |
| Of which: | |
| Reserved for Market Makers | [●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●] /- per Equity share aggregating to Rs. [●] Lakhs |
| Net Issue to the Public | [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. [●] /- per share aggregating Rs. [●] Lakhs |
| Of which: | |
| Retail Investors Portion | [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs |
| Non-Retail Investors Portion | [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of [●]/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakhs |
| Equity Shares outstanding prior to the Issue | 31,50,942 Equity Shares of face value of Rs.10 each |
| Equity Shares outstanding after the Issue | 43,17,342 Equity Shares of face value of Rs.10 each |
Biotic Waste Limited IPO Issue Object
These are the IPO Issue Objects of the company-
- Investment in our Subsidiary Company- Biotic Waste Solutions Private Limited (BWSPL) to finance expansion of its storage and segregation area
- Repayment/ pre-payment of secured loan availed from financial institution by our Company
- Funding the Working Capital requirements of our Company and
- General Corporate Purposes.
Biotic Waste Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Public utility business
- Experienced Promoter and Management Team
- High entry barriers
- Strong locational presence
- Rules compliant facility and
- Updated treatment facility.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 2.41 | 15.66 | – |
| 31-Mar-17 | 2.12 | 19.48 | – |
| 31-Mar-18 | 8.26 | 47.43 | 15.72 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 30.48 |
| Highest | 33.30 |
| Lowest | 27.66 |
Biotic Waste Limited IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700; Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Hardik Bhuta / Unmesh Zagade SEBI Registration No: INM000012110 |
Biotic Waste Limited IPO Registrar to offer
| Registrar to the Offer |
| ALANKIT ASSIGNMENTS LIMITED 205-208, Anarkali Complex, Jhandewalan Extension New Delhi – 110055, India Tel: +91 11 4254 1234; 2354 1234 Fax: +91 11 4154 3474 Email: ipo@alankit.com Website: www.alankit.com Investor Grievance Id: biotic.igr@alankit.com Contact Person: Sachin Gupta/ S. Arun Raj SEBI Registration Number: INR000002532 |
Other Details:
- Statutory Auditor – AVS & Associates
- Peer Review Auditor – M/s R T Jain & Co. LLP, Chartered Accountants.
- Bankers to the Company – Indian Overseas Bank and HDFC Bank.
Biotic Waste Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Biotic Waste Limited IPO Grey Market Premium
The Biotic Waste Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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